State tax systems are usually looked at as a three-legged stool — property taxes, sales taxes and personal income tax. In Texas, our “stool” only has two legs.

Texas property taxes are high, ... It raises the personal homestead exemption by 150%, compresses local school tax rates, temporarily caps dramatic spikes in commercial appraisal values, ...

Initially, Meyer proposed to raise the business personal property tax exemption to $250,000. The Senate wanted to raise it to $25,000 while also providing $500 million in franchise tax credits ...

House Bill 9, also by Meyer, would spend $700 million on tax relief for small businesses — increasing the amount of personal property exemptions for things like office furniture and equipment.

As a result, 5.7 million homesteads in Texas could see a lower property tax bill. Texas Lt. Gov. Dan Patrick, a major advocate of property tax relief, stated that homeowners under age 65 could see ...

Billions of dollars in property tax cuts are on the table in Texas. ... also include a $125,000 exemption on business personal property, the taxes on inventory held by small and mid-sized ...

Texas lawmakers plan to spend at least $6 billion of state funds on property tax cuts, though they disagree on who should benefit most from the proposed relief: homeowners or businesses.